Aditya Birla Lifestyle Sees 6% Stake Sale by Flipkart

On October 6, Flipkart Investments Pvt Ltd sold its entire 6.02% stake in Aditya Birla Lifestyle Brands Ltd (ABLBL) through a block deal valued at ₹998.4 crore. The sale involved 7.31 crore shares at ₹136.45 each, with buyers including SBI Life Insurance, Aditya Birla Mutual Fund, Morgan Stanley, Goldman Sachs, and others. This marks Flipkart's complete exit from its investment in ABLBL, which houses brands like Louis Philippe, Van Heusen, Allen Solly, Peter England, and Simon Carter. Following the transaction, Aditya Birla Lifestyle Brands' shares surged approximately 7% to close at ₹146.01 on the NSE.